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Express News | Science and Technology Innovation Board Evaluation: The biological products sector is strong and surging, and the semiconductor and lithium battery sectors are rising
Zhenhua New Materials (688707): Short-term performance is under pressure, optimistic about the promotion of sodium electricity
Guide to this report: Affected by the industry's inventory removal and capacity utilization rate, the company's performance declined in the first quarter of '23 and '24. In the long run, the company's layout of sodium electrocathode materials is expected to contribute to driving performance. Key Investment Points: Maintaining an “Increase in Wealth” Assessment
Zhenhua New Materials (688707): Profit pressure is expected to gradually pick up in the first quarter
Incident Zhenhua New Materials released an announcement: 1) Release of the 2023 annual report: achieved revenue of 6.886 billion yuan/yoy -50.66%, achieved net profit of 103 million yuan/yoy -91.93%, and achieved net deduction of non-return to mother
Zhenhua New Materials (688707): 23-year performance is in line with expectations, and the sodium electricity and solid state business are expected to expand
Incident: The company released the 2023 annual report and the 2024 quarterly report. In 2023, it achieved revenue of 6.876 billion yuan, or -50.66% year-on-year, and net profit of 103 million yuan, or -91.93% year-on-year.
Dongwu Securities released a research report on April 21 stating that Zhenhua New Materials (688707.SH) was rated to increase its holdings. The main reasons for the rating include: 1) 24Q1 shipments are reduced by about 50%, and shipments are expected to
Dongwu Securities released a research report on April 21 stating that Zhenhua New Materials (688707.SH) was rated to increase its holdings. The main reasons for the rating include: 1) 24Q1 shipments are reduced by about 50%, and shipments are expected to increase by 30-40% in 24; 2) losses in 24Q1 due to reduced capacity utilization, and subsequent profits are expected to recover; 3) inventory at the end of Q1 decreased compared to the beginning of the year, and capital expenditure support continued to be low. (Mainichi Keizai Shimbun)
Zhenhua New Materials (688707): Q1 performance falls short of expectations, and subsequent new product development is expected to resume
Key investment points Net profit to mother in 2023 was 103 million yuan, in line with market expectations. Net profit from 2024Q1 was 137 million yuan, lower than market expectations. The company's revenue in 2023 was 6.876 billion yuan, a year-on-year decrease of 5 billion yuan
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